SAIL Q1 turnover increases by 22.42% -Governance Now

SAIL Q1 turnover increases by 22.42%

SAIL Chairman says that operational performance has recorded improvement over the past many quarters and the trend is likely to continue

GN Bureau | September 5, 2018

#SAIL #steel #profit #Saraswati Prasad

Steel Authority of India Ltd. (SAIL) has clocked a profit after tax (PAT) of Rs 540.43 crore in the first quarter (Q1) of current fiscal. SAIL’s turnover in Q1 2018-19 rose by 22.42 per cent over corresponding period of the last year to Rs 15,743.21 crore.

SAIL claims that it is bringing comprehensive improvements in its entire operations, backed by efforts for improving efficiencies and improved techno- economic parameters. In the first quarter of the current fiscal, the PSU’s saleable steel production was 3.61 million tonnes (MT) which rose 13 per cent over CPLY. The company’s sales volume at 3.271 MT in Q1 FY19 was also eight per cent higher over CPLY. It recorded improvement in all the techno-economic parameters including coke rate by three per cent, blast furnace productivity by two per cent and Specific Energy Consumption by three per cent over CPLY.

Chairman, SAIL Saraswati Prasad said that operational performance has recorded improvement over the past many quarters and the trend is likely to continue. SAIL has taken several new initiatives which will help the Company in improving its physical and financial performance.

Comments

Other News

Changing weather patterns, climate change responsible for Nepal floods

The interaction between active Western Disturbances, increased atmospheric moisture and the region’s complex topography aswell as global warming are important factors behind intense rainfall in the Himalayas, leading to flash floods in Nepal, according to meteorologists. Nepal

A right she cannot reach

Last summer, the two of us spent several weeks in rural Madhya Pradesh with a non-profit that works on gender justice through women’s self-help groups. We went in with a notebook full of laws. The Protection of Women from Domestic Violence Act. The Dowry Prohibition Act. Free legal aid for every wo

Tier-2 cities lead India’s digital credit push

Digital payments have become a reflex for urban India, but the confidence earned in paying has not yet carried over to borrowing. That is the central finding of `How Urban India Pays Report 2026`, released by Pahlé India Foundation in collaboration with Amazon Pay. Based on a survey of 5,149 consu

India calls for doubling bilateral trade with UK by 2030

Commerce and industry minister Piyush Goyal has called upon businesses in India and the United Kingdom to translate the opportunities created by the India-UK Comprehensive Economic and Trade Agreement (CETA) into expanded trade, investment, partnerships and job creation. Addressing the Bu

Gandhian movement after Gandhi failed: Ram Guha

The Gandhian movement in India, after Gandhi’s death, failed, says Ramachandra Guha, and blames Vinoba Bhave for it. But the movement found new, fertile grounds around the world and succeeded in bringing about a change in South Africa, the US and elsewhere. It is high time it returned home. Of cour

When religion, politics and Bollywood come together

Tavleen Singh, noted journalist and political commentator, has turned to fiction, with her debut novel ‘The Actor’ (HaperCollins India). Set in the near future, it has a superstar, Amit Singh, turning to politics, when the political landscape is dominated by prime minister Guru Gaynendraj